Headlines
Required Minimum Distributions for Boomers
Baby Boomers are quickly reaching the age in which they will have to start receiving Required Minimum Distributions from their retirement plans. This happens on April 1st of the year after the beneficiary reaches the age of 70.5 which is…
Future Projections of Social Security
One important statistic pertaining to the Social Security program is referred to as the 75-year deficit. The 75-year deficit is defined as how much the Social Security tax would have to increase in order to keep up with payments to…
The Most Recent Proposal for Social Security
Earlier this month Rep. Reid Ribble submitted his own take on insuring the future of Social Security. Ribble’s bill claims to shore up the solvency of Social Security for the next 75 years, adding about 60 years to the administration’s…
Delaying Social Security
There has been a lot of talk on maximizing Social Security benefits, and among the top tips is to wait as long as you can to start claiming payments. This is one of the best things to do if all…
More on the implications of drawing Social Security benefits early
Hardly a week goes by that there isn’t something in the media about the long-term implications of filing for Social Security benefits before your Normal Retirement Age. Here’s another analysis of the issue, posted by US News Contributor Maryalene LaPonsie…
Repairing Filing Mistakes in Social Security
Many people start collecting Social Security benefits as early as they can and then regret their decision shortly after. They start regretting this as they learn that they had potential to grow their benefits to a larger monthly sum by…
Continued Earnings in Retirement
You do not have to actually be retired to start collecting Social Security benefits. However, there are many reasons you might not want to go this route. You can file for benefits at 62 and continue working, but this would…
Financing Longer Life Spans
The advancement in health sciences over the years is allowing us to live much longer than even those just a few generations before. Baby Boomers are the first generation experiencing this as they are entering retirement looking to experience new…
Facts About Social Security
The majority of Americans will come to rely on Social Security in their retirement years yet most barely know the basics about the system. There are numerous ways to even file for Social Security benefits, all tailored to specific instances…
Retiring with Debt
Acquiring debt has come to be the new great American pastime. Baby Boomers are entering in to retirement riddled with debt which has negatively impacted their savings while they were working. Only 23% of current retirees are debt free, leaving a…